We must have often heard the older generation telling the younger generations how hard they worked in the past, and how as long as they rely on their passion for a single job, long-term investment and hard work, they can accumulate huge wealth.
But this model is no longer applicable in today's society!
Modern people must have diverse knowledge and skills in order to survive and create value in a rapidly changing environment.
To improve your own economic capabilities, the first thing is to invest in yourself, develop your own human assets, and then create the value of time.
That's why I seem to be constantly learning new things.
Investing in yourself is key to creating long-term value.
Before creating value, first figure out what your "irreplaceability" is?
That is an ability that only you can accomplish and that others cannot easily replicate.
Once you find this uniqueness, you can take advantage of the information or knowledge gap to expand your profit margin.
Einstein once said: "If a person has never made a mistake, it means he has never tried anything new."
Anyone who has never made a mistake has never tried anything new.
This sentence reminds us to have the courage to try and learn, and not to be bound by the fear of failure.
Many people have always been skeptical about "investment", worrying that failure will lead to financial loss.
However, is this really true, or is it just a long-held view that you have held?
We should first clarify the nature of investment, eliminate those uncertain and seemingly plausible myths, and then make objective calculations.
If under reasonable risk control, the rate of return on investment is already far better than not investing at all, then your choice to invest is actually a more rational decision.
Numbers always speak!
Only by using facts and data as the basis for judgment can it be possible to build a stable asset system and create a second or even third source of income.
Those who truly accumulate wealth are those who are willing to take the time to understand reality, analyze data, and act based on the facts.
On the contrary, if you have been just following the crowd, believing in rumors, and investing recklessly based on what others say, instead of making your own assessment and judgment.
In the end, it is very likely that all your efforts will be in vain, and you will be trapped in the unequal M-shaped social structure for the rest of your life, unable to turn things around.
To change the fate of a mediocre life, we must start by changing our thinking and actions.
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